Laurie Davis started the relationship website with $50 and a Twitter account, reports Young, Fabulous and Self-Employed. Her profitable enterprise has been profiled by the New York Times, The Washington Post, Good Morning America, and plenty of different media outlets.

Borrowing from family and pals was slightly fly-by-evening. If you were good you’d have an attorney draw up clear paperwork, but most people would just wing it themselves. These half-documented preparations might result in reporting and authorized problems, but also could stymie your fundraising efforts (it just didn’t look professional).

In Brief – The Small Business Administration (SBA) is primarily known for their loan assure applications. Two SBA packages which might be more startup friendly are the Community Advantage Program and the Microloan Program. Both applications goal new or underserved companies. If you adjust to the eligibility criteria, Government grants as a funding possibility could be one of the best. …